ZipRecruiter

Log In

1

Security Risk Management Jobs in Chicago, IL (NOW HIRING)

Invenergy

Director, Credit Risk Management

Chicago, IL · On-site

Position Overview The Director, Credit Risk Management will report to the Senior Vice President ... Set standards for communication of credit decisions, risk assessments, and contractual security ...

Crowe LLP

Third Party Risk Manager

Chicago, IL · On-site

Strong knowledge of security domains such as auditing, policy, database security, firewall design and implementation, risk analysis, identity management, access management, cloud security, or web ...

Mount Franklin Foods

Security Coordinator

Hodgkins, IL · On-site

$61K - $74K/yr

Security Risk Management * Conduct regular security audits and risk assessments to identify vulnerabilities and security gaps at the facility. * Identify, evaluate, and document security risks to the ...

Element Food Solutions

Be Seen First

Security Operations Coordinator

Hodgkins, IL · On-site

$61K - $74K/yr

Security Risk Management * * Conduct regular security audits and risk assessments to identify vulnerabilities and security gaps at the facility. * Identify, evaluate, and document security risks to ...

LaSalle Network

Cyber Security Project Manager

Chicago, IL · Hybrid

$70 - $80/hr

This contract opportunity offers the chance to work alongside an established Security & Risk PMO, supporting projects that strengthen and protect a world-class technology environment. This role is ...

New

next page

Showing results 1-20

All JobsSecurity Risk Management JobsSecurity Risk Management Jobs in Chicago, IL

Security Risk Management information

See Chicago, IL salary details

$10

$51

$72

How much do security risk management jobs pay per hour?

As of Jun 19, 2026, the average hourly pay for security risk management in Chicago, IL is $51.93, according to ZipRecruiter salary data. Most workers in this role earn between $42.12 and $61.92 per hour, depending on experience, location, and employer.

What are the typical challenges faced by professionals in Security Risk Management, and how can they be addressed?

Professionals in Security Risk Management often encounter challenges such as rapidly evolving threats, balancing security with business operations, and ensuring organization-wide compliance with regulations. Staying current with the latest risk trends and fostering cross-department collaboration are key strategies for overcoming these obstacles. Additionally, clear communication of risks to non-technical stakeholders and ongoing training are essential for building a proactive security culture and effective risk mitigation.

Can I make $200,000 a year in cyber security?

Security Risk Management professionals can potentially earn $200,000 or more annually, especially with extensive experience, advanced certifications like CISSP or CISM, and roles in high-demand industries or senior leadership positions. Salary levels vary based on location, company size, and individual expertise, but high-level cybersecurity roles often offer compensation in this range.

Can you make $500,000 a year in cyber security?

Security Risk Management professionals can potentially earn $500,000 or more annually, especially at senior levels, in leadership roles, or within large organizations. Achieving this income typically requires extensive experience, advanced certifications like CISSP or CISM, and expertise in high-demand areas such as threat intelligence or security architecture.

Is security risk management a good career?

Security risk management is a viable career that involves identifying, assessing, and mitigating security threats to organizations. It often requires certifications such as CISSP or CISM and skills in risk analysis, security policies, and incident response. The field offers opportunities across various industries with increasing demand for cybersecurity expertise.

What is Security Risk Management?

Security Risk Management is the process of identifying, assessing, and mitigating risks to an organization's information, assets, and operations. It involves evaluating potential threats and vulnerabilities, determining their potential impact, and implementing strategies to minimize or control these risks. The goal is to protect the organization from security breaches, data loss, and other threats while ensuring compliance with legal and regulatory requirements. Security Risk Management is essential for maintaining business continuity and safeguarding reputation.

What are the key skills and qualifications needed to thrive in Security Risk Management, and why are they important?

To excel in Security Risk Management, you need a solid understanding of risk assessment frameworks, cybersecurity principles, and compliance standards, often supported by a degree in information security or related fields. Familiarity with risk management tools, security incident response systems, and certifications such as CISSP or CISM is typically required. Strong analytical thinking, communication, and decision-making skills help professionals navigate complex threats and collaborate across departments. These competencies are crucial for effectively identifying, mitigating, and communicating risks to protect organizational assets and ensure regulatory compliance.

What is the difference between Security Risk Management vs Security Analyst?

AspectSecurity Risk ManagementSecurity Analyst
CertificationsCRISC, CISSP, CISMCompTIA Security+, CISSP, CEH
Work EnvironmentStrategic, policy-focused, risk assessmentOperational, monitoring, incident response
Employer & Industry UsageOrganizations managing enterprise security risksSecurity teams, cybersecurity firms, IT departments

Security Risk Management focuses on identifying, assessing, and mitigating security risks at an organizational level, often involving policy development and strategic planning. In contrast, Security Analysts primarily monitor security systems, analyze threats, and respond to incidents. Both roles are essential but differ in scope and responsibilities within the cybersecurity field.

Is SOC 1 entry level?

SOC 1 (Service Organization Control 1) reports are audit reports used to evaluate internal controls at a service organization and are not job roles. In the context of security risk management, entry-level positions typically require foundational knowledge of security principles, certifications like CompTIA Security+ or CISSP, and experience with risk assessment tools, but SOC 1 itself is not an entry-level role.
What are popular job titles related to Security Risk Management jobs in Chicago, IL? For Security Risk Management jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Security Risk Management jobs in Chicago, IL look for? The top searched job categories for Security Risk Management jobs in Chicago, IL are:
Security Risk Management jobs near you
Infographic showing various Security Risk Management job openings in Chicago, IL as of June 2026, with employment types broken down into 2% As Needed, 85% Full Time, 9% Part Time, and 4% Nights. Highlights an 89% Physical, 5% Hybrid, and 6% Remote job distribution, with an average salary of $108,008 per year, or $51.9 per hour.
Director, Credit Risk Management

Director, Credit Risk Management

Invenergy LLC

Chicago, IL

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted yesterday

Invenergy rating

8.6

Company rating: 8.6 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

Job description

Invenergy is North America's largest privately held developer, owner, and operator of power infrastructure. With 25 years of trusted execution, we deliver reliable, affordable energy through a diverse portfolio that includes natural gas, solar, land-based wind, energy storage, transmission, and domestic manufacturing. Headquartered in Chicago, we develop, own, and operate large scale projects that power communities and support the energy future.

This position will be open for application for at least 3 calendar days from the posting date. This position will remain open for application based on business need, which may be before or after the 3-day posting window.

Job Description

Position Overview

The Director, Credit Risk Management will report to the Senior Vice President - Risk Management and Settlements and will have enterprise accountability for the design, governance, and execution of the Company's credit risk framework for Invenergy's largest collaborators - from suppliers delivering to our development organization to bilateral trading counterparties for our market hedging activities for Invenergy's operating portfolio. To do so, the Director will lead and develop a high-performing credit risk organization, establishing standards, delegating authority and ensuring consistent, disciplined execution of counterparty risk assessments, credit adjudication and managing margin call activity with trading counterparties and wholesale power markets. The Director will lead the organization of data insights to internal stakeholders and senior leadership, monitor emerging industry trends and serve as primary credit risk representative in contract approval processes. As a senior member of the Risk Management team, Director will partner with and advise senior leaders from Invenergy's development, procurement, project management and trading teams influencing commercial structures, contract terms, and counterparty strategy in accordance with Invenergy's risk policies and serve as escalation point for material counterparty risk decisions.

Responsibilities:

  • Own and evolve Invenergy's credit risk management policies, ensuring alignment with portfolio growth, market conditions, regulatory requirements, and enterprise risk tolerance; sponsor policy enhancements as necessary.

  • Lead, develop, and scale the Credit Risk Management function, including succession planning, talent development, role design, and capacity planning to support Invenergy's long-term strategic growth.

  • Provide oversight and approval of counterparty credit risk assessments, including complex or highexposure counterparties, establishing adjudication standards and escalation protocols across the credit risk organization.

  • Establish and maintain governance over credit risk data, systems, and controls, including accountability for data integrity within energy trading and risk management systems used for exposure monitoring and reporting.

  • Direct the development and delivery of portfolio-level credit risk reporting, including dashboards, watchlists, and executive summaries provided to senior management and governance committees.

  • Oversee enterprise-wide monitoring of counterparty credit exposure, collateral postings, and credit limits, serving as the primary escalation point for material exposure concerns and risk mitigation actions.

  • Set standards for communication of credit decisions, risk assessments, and contractual security requirements, ensuring consistent, timely, and transparent engagement with internal stakeholders and external counterparties.

  • Maintain accountability for margining and collateral management practices, including oversight of margin call processes with bilateral trading counterparties and wholesale energy markets.

  • Monitor market dynamics, regulatory developments, and counterparty risk trends across Invenergy's multinational footprint, translating external developments into actionable risk insights and strategic recommendations.

  • Provide senior leadership oversight of industry-wide vendor and counterparty benchmarking, including preparation and review of approval materials supporting significant credit decisions.

  • Lead credit-related aspects of enabling agreement negotiations, setting strategy for credit provisions and coordinating closely with Trading and Legal to ensure alignment with risk policy and commercial objectives.

  • Ensure enterprise compliance with Credit Risk, Risk Management, and related policies, embedding controls and accountability throughout credit risk operations.

  • Report regularly to the Energy Risk Management Committee and other governance bodies on credit risk posture, emerging risks, policy effectiveness, and recommended actions; sponsor and defend proposed policy changes as needed.

Required Skills:

  • Bachelor's degree in Economics, Finance, Accounting, or a related field; advanced degree or professional certification (e.g., MBA, CFA) preferred.

  • 10+ years of progressive experience in credit risk management, or related disciplines, including demonstrated leadership responsibility within a complex, capitalintensive or tradingoriented environment.

  • Extensive experience in credit analysis and credit risk management within the energy or related industries, with a deep understanding of industry trends impacting Invenergy's development, supply chain, and trading activities.

  • Expertlevel understanding of counterparty credit risk, including financial statement analysis, exposure modeling, collateral structures, and credit limit frameworks.

  • Significant experience within the energy industry, including participation in U.S. and/or global wholesale power markets and prior work in a trading environment utilizing an ETRM platform (e.g., Allegro).

  • Strong working knowledge of ISO/RTO credit policies, tariffs, and collateral requirements applicable to power generation and trading market participants, including awareness of pending or evolving tariff initiatives.

  • Demonstrated understanding of market risk associated with gas and power trading, including marktomarket exposure monitoring, margining practices, and collateral logistics.

  • Substantial contract experience with industrystandard agreements, including ISDAs, NAESBs, and EEIs, with the ability to assess and negotiate creditrelated provisions in partnership with Legal and Commercial teams.

  • Advanced analytical and quantitative skills, with the ability to interpret, challenge, and synthesize complex data into executivelevel insights and recommendations.

  • Strong proficiency in Excel and financial modeling, with demonstrated experience overseeing or reviewing models used for exposure analysis, stress testing, and risk reporting.

  • Experience establishing standards and governance over credit risk data, reporting, and systems, ensuring accuracy, consistency, and auditability.

  • Proven people leader with experience in talent development, succession planning, and building scalable teams to support organizational growth.

  • Strong executive communication and influencing skills, with the ability to clearly articulate risk assessments, recommendations, and tradeoffs to senior leadership and governance committees.

  • Demonstrated ownership mindset and sound professional judgment, with a track record of driving continuous improvement, process enhancement, and disciplined execution.

  • Highly organized and strategic thinker, capable of prioritizing across competing demands while designing and implementing effective risk management processes.

  • Ability to operate independently with minimal supervision, while effectively collaborating across functions in a fastpaced, entrepreneurial environment.

  • Spanish fluency is a plus, particularly in support of Invenergy's international operations and counterparties.

Base Pay

$146,000.00 - $175,000.00 USD Annual
Bonus: 30% - 40%

The base pay range reflects the minimum and maximum target salary for the position. Invenergy considers a number of factors when determining base pay offers such as the scope and responsibilities of the position and the candidate's experience, education and skills.
In addition to base pay, the total annual compensation package may also include eligibility to participate in our bonus program(s) which are designed to reward individual and company performance. Your recruiter can share more about bonus eligibility for this position during the hiring process.
Invenergy offers a variety of other benefits including medical, dental and vision insurance, 401k, paid time off, etc.

Invenergy LLC is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to, among other things, race, color, religion, sex, sexual orientation, gender identity, national origin, age, status as a protected veteran, or disability.

Apply